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Chinese financial institutions deepen partnership with UAE

Memoranda of understanding (MoUs) were signed between the government of Ras Al Khaimah and two Chinese financial institutions — Bank of China and the Industrial and Commercial Bank of China (ICBC) — on Wednesday in Ras Al Khaimah of United Arab Emirates, in an effort to strengthen economic ties and promote strategic cooperations between Ras…

China firmly opposes US restrictions on test and certification, telecom sectors

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Manufacturing defies Mideast energy shock

China’s manufacturing sector maintained its expansion streak for a second month in April, signaling sustained growth momentum despite a global energy shock triggered by tensions in the Middle East. The official manufacturing Purchasing Managers’ Index was 50.3 in April, according to National Bureau of Statistics data released on Thursday. While a marginal 0.1-point dip from…

BCI tech moves beyond research labs

An employee from BrainCo showcases using intelligent bionic hands to practice calligraphy during the 135th China Import and Export Fair in Guangzhou, Guangdong province on April 15, 2024. LIU DAWEI/XINHUA On a weekday afternoon, Cai Yuqingyan waits outside a kindergarten gate. For most parents, the moment a child runs into their arms is entirely unremarkable.…

Policy, venture capital powering commercial rollouts

A patient undergoes rehabilitation treatment through mental control using a brain-computer interface device at a hospital in Chongqing on April 10. CHEN CHENG/XINHUA Inside a quiet rehabilitation ward in eastern China, a paralyzed patient stares intently at a plastic cup. He doesn’t move a muscle, yet a robotic, pneumatic glove encasing his paralyzed hand suddenly…

China, US have ‘constructive’ high-level trade exchange

He Lifeng, China’s vice-premier and lead for China-United States economic and trade affairs, held a video call on Thursday evening with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, according to Xinhua News Agency. The two sides held candid, in-depth and constructive exchanges on implementing the important consensus reached by the two…

Ninebot’s cumulative shipments top 11m units amid targeted growth

The lineup of Ninebot’s new electric two-wheeler models released this year. [Photo provided to chinadaily.com.cn] Boosted by intelligent and targeted experience-driven growth, Chinese electric two-wheeled vehicle maker Ninebot’s cumulative shipments of smart electric two-wheelers in the Chinese market have exceeded 11 million units, its founder and chairman Gao Lufeng said at a product launch event…

Coca-Cola outperforms Q1 market expectations with 12% revenue surge

Coca-Cola China Brands launch Year of the Horse fireworks can packaging. [Photo provided to chinadaily.com.cn] The Coca-Cola Company reported first-quarter results that exceeded market expectations, with revenue and profit rising on steady global demand and stronger momentum in emerging markets including China. Net revenue climbed 12 percent to $12.47 billion, beating analysts’ estimates of $12.23…

Chinese tea brand taps premium dining scene

Chinese modern craft tea brand BASAO is aiming to enter premium dining and global lifestyle scenarios by offering a younger, more convenient approach to tea drinking. The brand showcased its modern approach to tea drinking during a recent food culture exchange program in Beijing, serving as the sole tea beverage partner of the event. BASAO…